Grow Your Business By Setting Up A Branch Office in Bangladesh
We can assist to set up a Branch office and the foreign investor intending to set up a Liaison office and provide consultation obtaining permission of BIDA will be required. All the expenses of the Branch office will be incurred using the funds received from abroad or the income generated by the branch.
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One of the major differences between a branch vs a liaison or representative office is, A branch can engage in commercial activities with a prior approval from the Bangladesh Investment Development Authority (BIDA) but liaison office can't. The branch office can enjoy doing following activities such as :
- Collect payments on behalf of the parent company
- Have local sources of income
- Make outward payments from Bangladesh with a prior approval from the BIDA
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We Have 15 Years of Experience in Opening Branch Offices in Bangladesh
In order to entice investors, the government of Bangladesh has put in place an extensive program of incentives, which include:
- No ceiling on investment
- Tax holidays
- Tax exemption and duty-free importation of capital machinery and spare parts of 100% for export-oriented industries
- Residency permits for foreign nationals
- Capital, profit and dividend repatriation facilities
- 100% foreign equity allowance
- Exemption on income tax for up to three years for expatriate employees
- Term loans and working capital loans from local banks allowed
- Re-investment of reparable dividends treated as new investment
- Double-taxation avoidance, as per bilateral agreements already concluded
- Tax exemption on the interest payable on foreign loans and on royalties and technical know-how fees
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Bangladesh is on the verge of a significant breakthrough in terms of both international investor confidence and significant inflow of new investment funds. The incorporation or registration is carried out by the Registrar of Joint Stock Companies and
Firms under the provisions of the Companies Act 1994. Our team of dedicate consultants will continue to clarify any doubts you may have with regards to your company’s obligations.
Contact us to find out more about how to open a company in Bangladesh. Our team of experts will revert within the next 24 hours.
FAQ For Branch Office Set Up
A branch serves as an extension of its parent company which means there will be no distinct legal entity set-up is necessary. Its parent company is accountable for the branch office debts or any other duties and also activities.
No operation in Bangladesh that is not particularly authorize by BIDA can be conducted by a Branch Office. A Branch Office is also anticipate to register with the Joint Stock Companies and also Company Registrar and to meet the terms with other legal formalities prescribe by the Companies Act 1994.
A Branch Office offers the benefits of ease of service and straightforward closing. Nonetheless, as the operations are strictly controlled by the rules for exchange control, also a Branch may not provide the greatest framework for its expansion or diversification strategies to a foreign firm.
Host company’s branch office can engage in commercial activities with prior BIDA approval. A branch office may have a national source of revenue from the officially permitted business sector in Bangladesh. Moreover, it also needs the prior approval of the Inter-Ministerial Committee and sufficient justification and also associate documentation.
It take 7 weeks year to set up branch office and also total Bangladesh Business Set up costs in year 1 is 1355134.81 TK